Loading ...Silver: Almost Time?
He says the data doesn’t lie.
Says, “it’s very clear we’re reaching a shortage position in the American market and its very clear that London is probably making up for that”.
Silver weekly below.
Bull flag breakout (yellow) on top of MASSIVE bull flag breakout (white).
I think the time is close to a major run.
Excellent timing. I just looked at the silver chart and believe it will have a big week next week.(could begin today?) I didn’t watch his video but the numbers from the Comex with EFP’s taking physical sending the metal to LBMA has been accelerating and that is draining Comex inventory.
Objectively, more net upside seems probable.
I have the current local move in a correction, with another leg up soon.
That won’t run far and should halt the intermediate rally, and then lead to an even bigger correction that corrects the ongoing unfinished impulse.
But the LT view does look very constructive for the autumn months, after that larger correction ahead.
Another way of saying, decision making in DC is hammering the buck and that will continue.